TCS Q2 Net Up 2.5% To Rs 2,439 Cr; Sensex Loses Early Gains, Down 57 Pts

Monday, Oct 17, 2011 LEAD STORIES SENSEX LOSES 57 PTS AS RIL, TCS WIPEOUT EARLY GAINS   Weighed down by RIL, TCS and shrugging off the positive global cues, Sensex closed at 17,025.09. Nifty lost 14.05 points at 5,118.25. read more TCS Q2 NET UP 2.5% AT RS 2,439 CR, SALES UP 7.75%   Tata Consultancy Services net profit margins declined 107 bps at 21% as against 22% QoQ. Net revenue was up 7.75% to Rs 11,633.5 crore. read more TOP STORIES • Limited production starts at Maruti strike plant   • HC dismisses Sahara, Jet appeals in buyout deal   • RIL to suspend drilling for oil and gas   • Biyani kicks off rural wholesale biz in Gujarat   • Fin Min considering rationalization of STT • Govt mulls raising FII investment limit in govt debt   • Reliance Power redeems Rs 1,474 cr FCCBs   • HDFC Q2 net up 20% at Rs 971 cr, sales up 37%   • Zee Ent Q2 net soars 23% to Rs 160 cr   • Citigroup reports higher Q3 net income at $3.8 bn   • A true leader is one who makes a difference: Tata   • SC notice to Anna over his Hind Swaraj trust   • Anna effect: HJC wins Hisar LS seat, Cong distant 3rd   • Guj cop Sanjeev Bhatt gets bail after 18 days   • Hero MotoCorp to launch 150cc bike for Rs 66,800   • BMW to launch small luxury car Mini for Rs 25 lakh   • VW says still aims to keep Suzuki stake   • Blackberry says sorry for outage with free $100 apps   • Kinder Morgan buys rival El Paso for $21 bn   • Spain, Italy, Germany join Occupy Wall St. India next?   more stories TOP VIDEOS MoEF's 11-month Delay Over Lavasa Has Hurt Financials: Ajit Gulabchand, Chairman, HCC   India Could Outperform If Global Markets Stabilise: Punita Kumar Sinha, Senior Managing Director, Blackstone Group   See Fantastic Investment Opportunity Over 3-6 months: Vallabh Bhansali, Enam   High Fuel Price Is The Biggest Challenge For The Aviation Industry: Saroj Datta, Former Executive Director, Jet Airways   AT A GLANCE BSE 17025.09 -57.6 NSE 5118.25 -14.05 TURNOVER Rs. 121,670 cr BSE CASH Rs. 2,427 cr NSE CASH Rs. 9,122 cr NSE F&O Rs. 110,120 cr BULLION GOLD 26918 +31 SILVER 53110 -295 CRUDE NYMEX 86.18 -0.62 BRENT 110.82 -1.41 FOREX $ / Re 48.95 -0.06 £ / Re 77.335 -0.19 € / Re 67.451 -0.59 EVENTS 18 October Conference On Infrastructure Finance, Chennai Agri & Processed Food Conclave: Linking Clusters E-Commerce, Jammu & Kashmir Company Law Board To Hear Unitech Plea Against Unitech Wireless And Others 19 October International Conference On E-Commerce, New Delhi 2nd Annual Conference On Road Ahead For Infrastructure Finance, Grand Hyatt, Mumbai 23 October European Summit, Brussels 25 October Second Quarter Review of Monetary Policy 2011-12 EXPERT VIEWS "In the medium to long-term, India remains firmly on a high GDP growth path of 8.5 to 9 per cent. We, however, need to be alert and respond to emerging challenges and concern, in a timely manner as we make efforts to achieve our potential as a young and fast-growing nation." Pranab Mukherjee Finance Minister "Asian countries will not become high-income economies unless domestic demand is made a main driver of growth. The biggest challenge is moving from resource-driven growth dependent on cheap labour and resources, to growth based on high productivity and innovation." Haruhiko Kuroda President, Asian Development Bank "A true leader would like to leave behind a legacy of that he made a difference that he improved the quality of life of the people whom he served and that there was nothing that he did which was in a manner speaking for himself." Ratan Tata Chairman, Tata Group WATCH OUT   Boardroom   It has been a brutal year for investors in India with rising interest rates, a depreciating Rupee & an uncertain global environment. As the moment of truth approaches, all eyes are on India Inc.. Will margins continue to thin? Or can the Q2 numbers surprise the street and lift the spirits? This earnings season can be a game changer for the Indian markets. Watch Boardroom, India's most authoritative earnings analysis. SHOW TIMINGS All through the month